HS Icon Polymethyl methacrylate, in primary forms

390610 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $1.47B, Rnk 1601 / 4648

2019
Top Exporter | Top Importer
: $271M | $440M, South Korea | China

2019
Product Complexity
: 1.93, Rnk 63 / 4826

2018 - 2019
Export Growth (CAGR)
: -17.6%, Rnk 4086 / 4648

2018
Mean Tariff
: 4.85%, Rnk 4246 / 6538

 2019
Share of World Trade
: 0.0081%, Rnk 1601 / 4648

Overview:  This page contains the latest trade data of Polymethyl methacrylate, in primary forms. In 2019, Polymethyl methacrylate, in primary forms were the world's 1601st most traded product, with a total trade of $1.47B. Between 2018 and 2019 the exports of Polymethyl methacrylate, in primary forms decreased by -17.6%, from  $1.78B to $1.47B. Trade in Polymethyl methacrylate, in primary forms represent 0.0081% of total world trade.

Exports: In 2019 the top exporters of Polymethyl methacrylate, in primary forms  were South Korea ($271M), Singapore ($191M), Germany ($151M), Japan ($146M), and Saudi Arabia ($137M).

Imports: In 2019 the top importers of Polymethyl methacrylate, in primary forms were China ($440M), Mexico ($63M), United States ($60.1M), India ($54.2M), and Germany ($52.5M).

Tariffs: In 2018 the average tariff for Polymethyl methacrylate, in primary forms was 4.85%, making it the 4246th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Polymethyl methacrylate, in primary forms are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Paraguay (13.4%), and Venezuela (13.4%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Zambia (0%), and Hong Kong (0%).

Ranking: Polymethyl methacrylate, in primary forms ranks 63rd in the Product Complexity Index (PCI).

Description: Polymethyl methacrylate, also known as acrylic, is a synthetic polymer made up of repeating units of methyl methacrylate. It is typically found in plastics and glass products because it is a durable, clear material. It is also used in medicine because it is non-toxic and can be sterilized.

Exporters and Importers

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Trade By Country

Top Origin (2019): South Korea, $271M

Top Destination (2019): China, $440M

Polymethyl methacrylate, in primary forms are the world's 1601st most traded product.

In 2019, the top exporters of Polymethyl methacrylate, in primary forms were South Korea ($271M), Singapore ($191M), Germany ($151M), Japan ($146M), and Saudi Arabia ($137M).

In 2019, the top importers of Polymethyl methacrylate, in primary forms were China ($440M), Mexico ($63M), United States ($60.1M), India ($54.2M), and Germany ($52.5M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Saudi Arabia, $8.39M

Top Destination Growth (2018 - 2019): United States, $6.27M

Between 2018 and 2019, the exports of Polymethyl methacrylate, in primary forms grew the fastest in Saudi Arabia ($8.39M), India ($6.66M), Malaysia ($5.52M), Indonesia ($4.55M), and Canada ($3.2M).

Between 2018 and 2019, the fastest growing importers of Polymethyl methacrylate, in primary forms were United States ($6.27M), Bulgaria ($5.81M), Malaysia ($3.52M), Saudi Arabia ($3.47M), and Nigeria ($3.06M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Polymethyl methacrylate, in primary forms.

In 2019,  market concentration measured using Shannon Entropy, was 3.95. This means that most of the exports of Polymethyl methacrylate, in primary forms are explained by 15 countries.

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TOP NET EXPORTER (2019): South Korea, $248M

TOP NET IMPORTER (2019): China, $395M

This map shows which countries export or import more of Polymethyl methacrylate, in primary forms. Each country is colored based on the difference in exports and imports of Polymethyl methacrylate, in primary forms during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Polymethyl methacrylate, in primary forms were South Korea ($248M), Singapore ($176M), Saudi Arabia ($132M), Germany ($98.2M), and Japan ($98.1M).

In 2019, the countries that had a largest trade value in imports than in exports of Polymethyl methacrylate, in primary forms were China ($395M), Mexico ($62.4M), India ($39.5M), Spain ($29.6M), and Poland ($26.2M).

Import Tariffs

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In 2018, the average tariff for importing Polymethyl methacrylate, in primary forms was 4.85%.  The countries with the highest tariffs for importing Polymethyl methacrylate, in primary forms were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Paraguay (13.4%), and Venezuela (13.4%).

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Product Complexity

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Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.